Global Automobiles Undervalued based on future growth

Mercedes-Benz Group

Market Cap: €57.3b

Operates as an automotive company in Germany and internationally.

Ford Motor

Market Cap: US$53.0b

Develops, delivers, and services Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles worldwide.

Hyundai Motor

Market Cap: ₩61.4t

Manufactures and distributes motor vehicles and parts worldwide.

Honda Motor

Market Cap: JP¥6.0t

Develops, manufactures, and distributes motorcycles, automobiles, and power products in Japan, North America, Europe, Asia, and internationally.

Great Wall Motor

Market Cap: HK$185.4b

Engages in the manufacture and sale of automobiles, and automotive parts and components in the People's Republic of China, Europe, ASEAN countries, Latin America, the Middle East, Australia, South Africa, and internationally.

Geely Automobile Holdings

Market Cap: HK$169.9b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Aptiv

Market Cap: US$16.7b

Engages in design, manufacture, and sale of vehicle components for the automotive and commercial vehicle markets in North America, Europe, the Middle East, Africa, the Asia Pacific, South America, and internationally.

Li Auto

Market Cap: US$16.3b

Operates in the energy vehicle market in the People’s Republic of China.

Ford Otomotiv Sanayi

Market Cap: ₺337.0b

Engages in the manufacture, assembly, import, export, and sale of motor vehicles and spare parts in Turkey.

Sailun Group

Market Cap: CN¥54.6b

Engages in the research and development, manufacturing, and sale of tires and tire recycling products in China, Europe, the United States, Asia, Africa, and internationally.

Zhongce Rubber Group

Market Cap: CN¥50.8b

Engages in the research and development, production, and sale of tire products in China.

Lear

Market Cap: US$6.1b

Designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America.

CALB Group

Market Cap: HK$44.8b

A new energy technology company, engages in the design, research, development, production, and sale of electric vehicle (EV) batteries and energy storage system (ESS) products in Mainland China, Europe, Asia, the United States, and internationally.

Hankook Tire & Technology

Market Cap: ₩7.2t

Manufactures and sells tires in South Korea and internationally.

Mazda Motor

Market Cap: JP¥733.3b

Engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, North America, Europe, and internationally.

Yadea Group Holdings

Market Cap: HK$36.5b

An investment holding company, engages in the development, manufacture, and sale of electric two-wheeled vehicles and related accessories under the Yadea brand in the People’s Republic of China.

AIMA Technology Group

Market Cap: CN¥26.1b

Engages in the research and development, production, and sale of electric bicycles, mopeds, and motorcycles in China and internationally.

JTEKT

Market Cap: JP¥546.1b

Manufactures and sells steering systems, driveline components, bearings, machine tools, electronic control devices, and home accessory equipment.

Qingdao Sentury Tire

Market Cap: CN¥23.3b

Engages in the development, production, and sale of tires primarily in China.

Valeo

Market Cap: €2.8b

A technology company, designs, produces, and sells products and systems for the automotive markets in France, other European countries, Africa, North America, South America, and Asia.

Cheng Shin Rubber Ind

Market Cap: NT$98.4b

Together with subsidiaries, processes, manufactures, and trades in bicycle and electrical vehicle tires, reclaimed rubbers, rubbers and resins, and other rubber products.

Beiqi Foton MotorLtd

Market Cap: CN¥21.9b

Engages in the manufacture and sale of commercial vehicles worldwide.

Shandong Linglong TyreLtd

Market Cap: CN¥21.7b

Designs, manufactures, develops, and sells tires in the People’s Republic of China.

Toyota Boshoku

Market Cap: JP¥443.3b

Develops, manufactures, and sells automotive interior systems in Japan, the United States, China, and internationally.

OPmobility

Market Cap: €2.3b

Designs and produces intelligent exterior systems, customized complex modules, lighting systems, energy storage systems, and electrification solutions for all mobility players in Europe, North America, China, rest of Asia, South America, the Middle East, and Africa.

Weifu High-Technology Group

Market Cap: CN¥18.2b

Researches, develops, produces, and sells automotive products in the People’s Republic of China.

PHINIA

Market Cap: US$2.3b

Engages in the development, design, and manufacture of integrated components and systems.

Gestamp Automoción

Market Cap: €1.7b

Designs, develops, and manufactures metal components for the automotive industry in Western Europe, Eastern Europe, Mercosur, North America, and Asia.

Shenzhen VMAX New Energy

Market Cap: CN¥13.0b

Engages in the research, development, production, and sale and technical services of new energy vehicle power products in China and internationally.

Hankook

Market Cap: ₩2.5t

Manufactures and sells smart energy solutions.

HL Mando

Market Cap: ₩2.4t

An electric vehicle and autonomous driving solutions company, provides automotive parts and services in Korea, China, the United States, India, and internationally.

SL

Market Cap: ₩1.9t

Manufactures and sells automotive parts in South Korea, North America, China, India, Europe, South America, and internationally.

Jiangsu Yunyi ElectricLtd

Market Cap: CN¥9.1b

Researches, develops, manufactures, markets, and sells automotive electronic parts in China and internationally.

Streamax Technology

Market Cap: CN¥8.8b

Researches and develops, manufactures, and sells artificial intelligence (AI) powered mobile safety and industrial management solutions for commercial vehicles in China and internationally.

Kumho Tire

Market Cap: ₩1.8t

Engages in the manufacture and sale of tires in South Korea, Europe, North America, Central and South America, Asia, and internationally.

Zhejiang Qianjiang Motorcycle

Market Cap: CN¥8.1b

Researches and develops, manufactures, sells, and services motorcycles and accessories in China and internationally.